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Stock Market & Financial Investment News

News Breaks
January 22, 2013
07:56 EDTCBS, CMLSInsiders see CBS potentially shopping radio business, NY Post says
While CBS insists radio is a core business, industry insiders believe CEO Les Moonves is open to a sale of the unit, possibly within the next 12 to 24 months, according to The New York Post. Cumulus Media (CMLS) has already sent out feelers to CBS Radio, according to the report, citing sources. Reference Link
News For CBS;CMLS From The Last 14 Days
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August 31, 2014
13:50 EDTCBSNomura to hold a conference
Digital Media Conference 2014 to be held in New York on September 3-4.
August 28, 2014
08:32 EDTCBSLIN Media overhang should be removed by deal, says Wells Fargo
After LIN Media (LIN) and CBS (CBS) signed a long-term affiliation agreement involving ten stations, Wells Fargo thinks the deal removes "a pretty significant overhang" on LIN's stock, since most of its affiliation deals with CBS expire on January 1, 2015, according to the firm.
07:32 EDTCBSCBS, LIN Media sign deal to renew station affiliation agreements
CBS (CBS) announced a deal with LIN Media (LIN) to renew existing station affiliation agreements for 12 LIN stations in ten markets nationwide.
07:30 EDTCBSLIN Media, CBS renew network affiliation agreements in 10 markets
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August 25, 2014
10:44 EDTCBSGray Television renewal with CBS removes overhang, says Wells Fargo
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08:31 EDTCBSCBS, Gray Television sign affiliation deal
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August 21, 2014
06:20 EDTCBSCBS seeking bigger share of pay-television revenue from affiliates, WSJ reports
CBS last week stripped an Indianapolis station of its affiliation due to a fee disagreement as it seeks a bigger share of pay-television revenue, reports the Wall Street Journal. The Indianapolis station's owner LIN Media (LIN) was set to be acquired by Media General (MEG) for $1.6B this year, but Media General cut its acquisition price Wednesday by 7%, or more than $100M, with the move from CBS cited as one of the reasons. According to Gabelli & Co., the lack of a CBS affiliation may cost the statio tens of millions of dollars in annual revenue to decline. Reference Link

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